SAN FRANCISCO, June 8, 2021 /PRNewswire/ -- Tuesday Capital
(formerly Crunchfund) today announces the launch of Fund IV, which
will continue Tuesday's mission of identifying and investing in the
next generation of world-changing companies. Fund IV will be
utilized for early-stage, industry-agnostic startup investments.
The new fund will allow Tuesday to continue broadening its global
investment reach into Latin
America and Europe, lead a
greater number of funding rounds and expand the Tuesday x frog
partnership announced last year. Tuesday has a long track record of
investing in high growth startups like Uber, Airbnb, Airtable,
Gitlab, OpenDoor, DigitalOcean and Cruise Automation at early
stages and Fund IV will continue that legacy.
Since launching in 2011, Tuesday Capital has provided funders a
unique source of both the capital and innovative services startups
need to succeed. Tuesday is committed to providing entrepreneurs
with resources that are out of reach for many startups, and Fund IV
enables the firm to continue to assist its founders with a diverse
array of offerings tailored to help them grow their companies. This
thesis is crystallized in Tuesday's recent partnership with
renowned design house, frog, which provides Tuesday's portfolio
companies access to an array of services from branding and design
to marketing and public relations. Notable Tuesday x frog
collaborative investments include Companion, Kolors and Alto.
"We are very proud to announce Tuesday's Fund IV. Our mission is
to give the best founders tailored support to help their companies
take flight and we are excited to bring this new fund to the market
to do just that. It's been an unprecedented year, but founders and
investors have found some amazing opportunities despite the
uncertainty. This new fund marks a continuation of the legacy we've
built at Tuesday," said Founder and Managing Partner Patrick
Gallagher.
"It's an amazing time for venture capital and we are seeing
enormous inflows of capital into the market. There's also a vibrant
entrepreneurial and startup ecosystem that has taken root across
the country as talent spread out during the pandemic. As a digital
nomad myself, I've been able to meet with founders in up and coming
startup hubs like Roanoke, Tulum,
Nosara and Costa Rica. Travelling
has helped extend Tuesday's reach by unlocking new investment
opportunities and relationships with amazing founders. I'm excited
for the future and this new fund will allow us to help bring the
next generation of household names to life," said Partner Prashant
Fonseka.
As Tuesday continues to expand its portfolio in a consistent and
scalable way, this newly launched fund will increase the Tuesday
global footprint in Latin America
and Europe. Under Fund IV, startup
founders outside of the traditional VC capital cities will be able
to leverage the unparalleled access to capital, services and
guidance from Tuesday. With competition increasing rapidly in the
VC world, Tuesday's unique offerings, investment approach and
founder-first mindset will continue to guide Fund IV through 2021
and beyond.
About Tuesday Capital
Founded in 2011, Tuesday
Capital is an early-stage, sector-agnostic venture capital firm
based in San Francisco and
New York. Tuesday maintains a
variety of relationships with other VC firms and works alongside
them to help propel the companies of tomorrow. The firm has made
hundreds of investments over the last eight years, backing many
startups that have gone on to be Silicon Valley standouts and
household names, including Airtable, Airbnb, Uber, Cruise, Digital
Ocean, GitLab, Rover, Good Eggs, Instawork, Zipline and many
others. To learn more visit www.tuesday.vc.
Press Contact
Mike
West
311711@email4pr.com
(415) 689-8574
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SOURCE Tuesday Capital